Clover Health, an insurtech company for Medicare Advantage plans, will become publicly traded through a merger with special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. III.
The two companies will combine through a mix of cash financing and stock, according to the announcement. The deal rates Clover at an enterprise value of about $3.7 billion and is expected to...
The US is wading into election season, and once again the healthcare system is a prime focal point for each campaign. And although the subject of “Medicare for All” was certainly present back in 2016, movements to overhaul the country’s insurance industry have gained some steam among voters over the last few years and now command considerable airtime during debates between presidential hopefuls....
Clover Health, an Alphabet-backed insurtech startup serving the Medicare Advantage market, announced this morning the launch of a new subsidiary unit that will be focused on using data from its members to drive drug development.
Much like its parent company uses machine learning and artificial intelligence to generate predictive health insights for its member population, Clover Therapeutics will...
Editor's note: A previous version of this article stated that a billing incident involving Clover Health occurred last year, rather than in 2015. This has been corrected below.
Clover Health, an Alphabet-backed insurtech startup focusing on the Medicare Advantage market, is restructuring its internal teams in an attempt to bring on healthcare insurance and health IT expertise, the result of...
Dr. Karen DeSalvo, formerly an acting assistant secretary for health at the Department of Health and Human Services and the chief of the Office of the National Coordinator for Health Information Technology, has joined digital venture platform LRVHealth as an executive advisor.
“My entire career has been focused on improving the health of people and communities by catalyzing solutions to address...
Clover Health, an insurtech startup targeting the Medicare Advantage market, will close a new round of funding within the next couple of weeks led by Greenoaks Capital, Clover CEO Vivek Garipalli announced in a Medium post yesterday. TechCrunch reports that the upcoming round will be valued at $500 million, although a representative of the company who confirmed the funding to MobiHealthNews said...
NHS set to offer AI system free to all hospitals. The BBC is reporting that new AI systems for interpreting cardiac and lung scans could save England's National Health Service a billion pounds. The cardiac system, called Ultromics, was developed at Oxford's John Radcliffe Hospital. It checks radiology scans for signs of heart disease and will be offered to hospitals starting this summer. The...
Correction: A previous version of this article misstated who led the investment round.
Clover Health, an insurance startup with a patient engagement bent, has raised $130 million in a round led by existing investor Greenoaks Capital Management. New investors Google Ventures, Palm Drive Capital, and Western Technology Investment and existing investors Sequoia Capital and First Round Capital also...
While large hospitals and health systems launch many of the pilots and implementations of digital health in their specialist care wings, primary care is still the first step on most patients' healthcare journeys. And the same move to value based care that is creating opportunities for so many health tech companies, can place an undue burden on independent primary care providers.
“If you want to...
